Keep your Capital Credits in the community

The majority of the funding for the Trico Foundation comes from donated and unclaimed Capital Credit retirements. The money collected by the Foundation is then used to fund college scholarships to Trico Members and their dependents. In February, Senate Bill 1412 was introduced in order to allow State cooperatives to continue to keep Member’s capital credits in their community.

Trico, and other State cooperatives, is asking you to support SB1412. This bill will allow Trico to continue to use unclaimed Capital Credit retirements to fund scholarships for state, community and vocational colleges.

SB1412 is supported by 65 bipartisan co-sponsors. Electric cooperatives across Arizona are grateful to Senator Gail Griffin from Hereford for introducing SB1412 in the Arizona Senate. The legislation will exempt unclaimed capital credits from the State's abandoned property laws allowing cooperatives to retain those funds and utilize them in the communities served by the cooperative. The legislation is modeled after similar provisions in 34 other states. For more information and to sign up in support of SB1412, visit gcseca.coop/content/co-ops-communities-0.

History

The Trico Foundation is a non-profit foundation organized by the Cooperative in 1985 to provide college scholarship assistance to Trico Members and their dependents.

For the 2017-18 academic year, the Trico Foundation awarded college scholarships totaling $166,750 to 38 students. Since 1995, more than $1.5 million in college scholarships have been awarded by the Foundation, benefiting over 450 students from the Cooperative’s predominately rural and economically-disadvantaged service area. It is a program that underscores cooperative values and principles.